
Behind the Memo: Sea Change
The Memo by Howard Marks
The Importance of Low Interest Rates in the Investment World
Interest rates have an enormous multifaceted impact in the financial and investment world. People had not been able to engage in risky investments. How would all of the tech companies that contribute so much to our lives today have gotten the money to start? A building that throws off $100,000 a year in net operating income is worth more when prevailing interest rates are less.
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